VP, Divisional Finance Officer at Chubb in Wilmington, Delaware

Job Description:

Vice President, Divisional Finance Officer

Position Summary:

Reporting to the Head of Claims Optimization, the Divisional Finance Officer is responsible for the strategic direction and management of the Claims organization’s financial, accounting and planning functions. 

The DFO is responsible for providing financial analysis to claims and business partners to create transparency into claims, allocate and manage resources effectively to ensure the proper prioritization of resources and the effective execution of key strategies, and improve understanding of how process, structure, and system changes will impact future performance.

 

Key Responsibilities

• In coordination with claims discipline leaders, conduct financial analyses to inform the prioritization, analysis, development and testing of new and enhanced strategies, processes and systems.


• Develop annual claims wide and discipline level budgets; provide monthly reporting and variance analysis; prepare quarterly forecasts and create special analysis as needed to support claims and our business partners.


• In partnership with Claims Actuarial, develop and maintain staffing models and analysis to help allocate resources effectively, anticipate growth and maintain an expense discipline.


• Conduct industry analysis and competitive benchmarking to identify improvement opportunities that can be leveraged to drive continuous improvement.


• Define accounting policies for ALAE and ULAE expenses to include charge backs and claim file recoveries.


• Coordinate the analysis, design and implementation of division and company-wide finance initiatives for Claims.

• 10+ years’ experience in financial services industry


• Strong working knowledge and/or understanding of complex accounting and financial reporting


• Solid understanding of the business and direct support of the business leadership in their execution of their strategic objectives.


• Strong financial modeling and analysis skills.


• Ability to exercise sound judgment and make decisions based on accurate and timely analyses.

Education:

• Bachelor’s degree is required in business, accounting, finance or related field.